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Ximen Mining Constructing the Road to Production Kenville Gold Mine, Nelson BC

ID: 1558774
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(PresseBox) - Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB: XXMMF) (the ?Company? or ?Ximen? - https://www.commodity-tv.com/ondemand/companies/profil/ximen-mining-corp/) is pleased to announce it has started work at the Kenville gold mine in the Nelson mining camp in southern British Columbia.

Ximen kicked off development of the Kenville gold mine with refurbishment of the existing portal at the 257 Level.

This portal will provide access to the Kenville mine 257 Level, which will be utilized later when it is connected to the new decline by a raise.


The 257 Level has potential gold resources as indicated by a historic mineral resource estimate (Technical Geological Report on the 257 Level of the Kenville Mine, Nelson, British Columbia?, July 22, 2009, by R. Munroe, P.Geo.).

Notes about Historic Mineral Resources:

Ximen Mining Corp. is not treating this historical estimate as current mineral resources or mineral reserves. information for drilling conducted after the report was prepared, and then model the deposit and conduct a new resource estimate.

The new decline will be started after the work at 257 Portal is completed.

In anticipation of outlining and processing a bulk sample from the new decline, metallurgical characterization of the ore and waste products from Kenville were initiated.

In addition, Ximen has quietly acquired over the past few months a significant package of claims around the Kenville mine for a total holding in the Nelson and Salmo Areas area of approximately 18,889 hectares. These properties cover several historic gold mines and prospects for which Ximen will explore for new gold-vein and bulk-mineable gold deposits.

Dr. Mathew Ball, P.Geo., VP Exploration for Ximen Mining Corp. and a Qualified Person as defined by NI 43-101, approved the technical information contained in this News Release.



On behalf of the Board of Directors,

?Christopher R. Anderson?

Christopher R. Anderson,

President, CEO and Director

604 488-3900

Investor Relations:

Sophy Cesar,

604-488-3900,

ir(at)XimenMiningCorp.com

About Ximen Mining Corp.

Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC. annual staged cash and stocks payments as well as funding the development of the project. The company has recently acquired control of the Kenville Gold mine near Nelson British Columbia which comes with surface and underground rights, buildings and equipment.

Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XMA and WKN with the number as A2JBKL.

This press release contains certain "forward-looking statements" within the meaning of Canadian securities This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding the receipt of TSX Venture Exchange approval and the exercise of the Option by Ximen. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company''s management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management''s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange may not accept the proposed transaction in a timely manner, if at all. The reader is urged to refer to the Company''s reports, publicly available through the Canadian Securities Administrators'' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Ximen Mining Corp

888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4



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Date: 06/12/2020 - 10:35
Language: English
News-ID 1558774
Character count: 3145
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Firma: Swiss Resource Capital AG
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Stadt: Vancouver, B.C.
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